Temasek thinks market valuations have not yet priced in a global economic recession; Ontario Teacher’s Pension Plan has announced plans to double its headcount in its Singapore office for Asia expansion; Samsung insurance firms have committed to a $650 million mandate into alternative assets managed by Blackstone; and more
Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
Singapore's GIC wants to buy the only the only REIT which Buffett has invested in; NZ Super Fund has shifted about 40% of its overall investment portfolio to market indices that align with the Paris Agreement; CalSTRS committed $825 million to funds investing in Asia Pacific real estate during the first half of 2022.
Korean Teachers’ Credit Union has signed a second real estate partnership agreement with a Californian counterpart; Singapore’s sovereign wealth fund backs third fund in series focused on Australian logistics assets; the investment firm that manages part of Alibaba co-founder's fortune is retreating from US stocks as it increasingly focuses on private markets.
Five Australian superannuation products failed to meet the performance benchmark this year, including four that failed for the second time; Singapore's GIC has led Indian space-tech startup series B funding round; Korea's NPS gets new CEO for three-year term.
The South Korean national pension fund has seen domestic investments dragging down returns in 2022, but public pressure has made it hard to neglect the Korean market.
Abu Dhabi and Qatar sovereign wealth funds eye Indian education technology firm; Korea's NPS commits capital to Blackstone Credit’s sustainable credit platform; Allianz in talks with Chinese banks to set up a majority-owned asset management venture; and more.
The Korean national pension fund seems prepared to weather potential storms from public markets this year through alternative allocations.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Korean Hanwha Life Insurance is set to kick off direct investment in overseas real estate via new subsidiary in the US; Singapore's Temasek launches strategic partnership in Brazil with local partner; Japanese insurers expand overseas with acquisitions; Tokio Marine partners with Singapore insurtech VC firm; and more.
Much of Asia continues to lag the global standard when it comes to corporate governance, transparency and diversity. But significant progress has been noted of late.
China Investment Corporation is merging a unit overseeing billions of dollars in private equity and infrastructure investments into its main operations; Australian superannuation plan targeting women has shut down after three years; Taiwan's Cathay Life commits to PE fund vehicle; Chinese state-backed firms take over Sino-Korea Life; and more.